CAC 40 Dips Amid Middle East Tensions
2026-04-22 16:13
By
Isabela Couto
1 min. read
The CAC 40 fell 1% to close at 8,156 on Wednesday amid uncertainty over the US extension of the ceasefire with Iran, as optimism remained subdued despite the pause in hostilities.
The Strait of Hormuz stayed largely closed with no signs of renewed US-Iran negotiations, while oil prices rose on reports of gunfire attacks on container ships, fueling fears of energy-driven stagflation and rate hikes.
Luxury stocks declined on risk aversion, with LVMH down 2.4% and Hermès losing 1.8%, while L'Oréal edged lower ahead of its earnings release.
The industrial sector also posted losses, as Airbus fell 2.5% and Safran shed 3.5%, though Danone bucked the trend, rising 2.5% after reporting solid first-quarter 2026 results.
Elsewhere, Essilor also releases it's results and closed down 2.5%, while TotalEnergies gained 1.3% on rising oil prices.